My Indicators are showing a very amusing signal that NIFTY has all the possibility of crossing 8850-8923 range , this time......even if 8526 is intact.....! So the range is clearly toned to 8511 on lower level & 8923 on higher range....! - This is for an upper level...!
On the flip side, if 8511 is broken & closing is happened below 8470 , correction can be upto 8260 range...!
It is too early to predict on expiry at this point..... Let us wait and watch whether it can surprise everyone by crossing 8721 and cross 8850 range....Or can it be surrender towards 8500....!
Will catch you back soon..!
With kind regards,